26th August 2019: JS Bank signed a Memorandum of Understanding (MoU) with the Women’s Chamber of Commerce and Industry (South)on the occasion of Women’s Equality Day.
JS Bank will provide financial tools and resourcesto women across Pakistan, to help them set up and grow their businesses under the JS Khud-Mukhtar program. This one-window solution provides women with easy access to businessloans of up to Rs. 1.5 million, at a subsidized markup rate of 5% per annum, based on State Bank of Pakistan’s refinance scheme for women entrepreneurs.
Commenting on the occasion, BabbarWajid – Business Head Consumer Banking & Product Development, JS Bank stated, “This partnership will help create real impact and change people’s lives through easy and meaningful financial access. Our association with the Women’s Chamber of Commerce and Industry allows us to empower women entrepreneurs, and can help bring scale to a critical segment of our SME sector.”
Shaiyanne Malik–President, WCCI-Southexpressed her views stating, “JS Bank is amongst the few financial institutions which has undertaken a market gap analysis and come up with tailored products designed to build the capacity of women in business. We look forward to working with them and hope to see thousands of successful entrepreneurs strengthening their businesses.”
Through this alliance, JS Bank is promoting economic growth and creating opportunities for people across the country.
About JS Bank:
JS Bank is one of the fastest growing banks in Pakistan, with 345 branches in 172 cities including one international branch. The Bank is a leader in the digital banking space and distribution of insurance solutions. JS Bank has received the prestigious Asiamoney Award for ‘Best Bank for SMEs’ as well as the award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards. The Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.